Results 51 to 60 of about 117,507 (298)

Negative Interest Rate Risk. Atavism or Normalization of Central Banks’ Monetary Policy

open access: yesActa Universitatis Lodziensis. Folia Oeconomica, 2019
In the face of the global financial crisis, central banks have used unconventional monetary policy instruments. Firstly, they implemented the interest rate policy, lowering base interest rates to a very low (almost zero) level.
Irena Pyka, Aleksandra Nocoń
doaj   +1 more source

Financial market crisis and financial market channel [PDF]

open access: yesIntereconomics, 2010
Before a new financial architecture can be established in the wake of the financial crisis, the increasing importance of the global financial market channel must be fully understood. This importance was illustrated by the unexpectedly strong dampening effects of the financial crisis on the real economy and by the worldwide contagion of the crisis ...
openaire   +3 more sources

Herd Behavior in Financial Markets: An Experiment with Financial Market Professionals [PDF]

open access: yesIMF Working Papers, 2008
We study herd behavior in a laboratory financial market with financial market professionals. We compare two treatments, one in which the price adjusts to the order flow so that herding should never occur, and one in which event uncertainty makes herding possible.
Marco Cipriani, Antonio Guarino
openaire   +8 more sources

Mobile Technology as Part of Banks’ Business Model

open access: yesActa Universitatis Lodziensis. Folia Oeconomica, 2019
During the last few decades, the banking market has changed significantly making banks face new challenges. Mobile technology development has had a powerful impact on all human activities including banking.
Monika Klimontowicz, Janina Harasim
doaj   +1 more source

Financialization in Commodity Markets [PDF]

open access: yes, 2017
The financialization view is that increased trading in commodity futures markets is associated with increases in the growth rate and volatility of commodity spot prices. This view gained credence because in the 2000s trading volume increased sharply and many commodity prices rose and became more volatile.
Varadarajan Chari   +3 more
openaire   +3 more sources

Financial Market Contagion [PDF]

open access: yes, 2008
The power of the metaphor of contagion—that beliefs, actions, and strategies spread among economic agents like pathogens among biological organisms— causes it to recur in disparate areas of economics. This article focusses on four applications of contagion to economics: social influence or memoryless learning; Bayesian social learning; strategy choice ...
openaire   +4 more sources

Aggregation of Financial Markets

open access: yesSSRN Electronic Journal, 2023
We present a formal framework for the aggregation of financial markets mediated by arbitrage. Our main tool is to characterize markets via utility functions and to employ a one-to-one correspondence to limit order book states. Inspired by the theory of thermodynamics, we argue that the arbitrage-mediated aggregation mechanism gives rise to a market ...
Menz, Georg, Voß, Moritz
openaire   +2 more sources

Effectiveness of Green Bonds in Selected CEE Countries: Analysis of Similarities

open access: yesRisks, 2023
Green bonds are an increasingly important area not only in the financing of investments important to the environment, but recently also as an object of investment.
Maria Czech   +2 more
doaj   +1 more source

Opacity in Financial Markets [PDF]

open access: yesSSRN Electronic Journal, 2013
This paper studies the implications of opacity in financial markets for investor behavior, asset prices, and welfare. Transparent funds (e.g., mutual funds) and opaque funds (e.g., hedge funds) trade transparent assets (e.g., plain-vanilla products) and opaque assets (e.g., structured products).
openaire   +4 more sources

How to fly to safety without overpaying for the ticket

open access: yesEconomics and Business Review, 2023
For most active investors treasury bonds (govs) provide diversification and thus reduce the risk of a portfolio. These features of govs become particularly desirable in times of elevated risk which materialize in the form of the flight-to-safety (FTS ...
Kaczmarek Tomasz, Grobelny Przemysław
doaj   +1 more source

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